Both net sales and operating income are down, but sales for Wii are still strong
Nintendo has released its quarterly earnings for the period April to June 2010. It’s more bad news than good with sales down 25% and operating income down a massive 45%. Nintendo also recorded its first loss in some time, a massive 25.22 billion yen.
So what’s the matter? Well, Wii sales are still up, but DS hardware and software sales for both consoles are down. The fact that Nintendo sells most of its wares overseas means that the weak Yen is hurting them badly.
There was some good news though, Super Mario Galaxy 2 has now surpassed 4 million copies sold worldwide. There was also some minor release date information revealed with The Legend of Zelda Skyward Sword set for a 2011 release (which we already knew) for Western countries. Japan though has it set as TBA.
Nintendo pinning its hopes on the Nintendo 3DS as the Nintendo DS is now selling well, but it’s too cheap to be really profitable.
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